A significant number of healthcare professionals are expressing worries about potential changes to pension tax rules following recent Budget discussions, according to an NHS pension expert.
Graham Crossley, director of MediFintech, has reported that over 200 doctors have contacted him with concerns about the impact on their retirement plans. These concerns are primarily related to rumors about the taxation of lump sums and stricter regulations regarding tax relief and annual allowances.
As the Budget approaches, many healthcare professionals are reconsidering their financial strategies for retirement due to these concerns.